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A newly formed startup bolstered by a highly experienced team of industry veterans aims to shake-up the market for Business Intelligence (BI) by releasing a comprehensive platform of BI capabilities into Open Source. The Pentaho BI Project provides enterprise-class reporting, analysis, information delivery, data mining and workflow capabilities geared at helping mid- to large-size organizations operate more efficiently and effectively. The software can be used for a wide range of business applications such as financial reporting, sales analysis, product analysis, procurement management, and human resources reporting. Flexible deployment options enable use as embeddable components, individual out-of-the-box products, and as a complete, integrated BI platform.

Calling the news "an exciting development", industry analyst Mark Smith, CEO & Senior Vice President of Research and Advisory Services at Ventana Research, predicted a warm welcome for the initiative. "The Pentaho BI Project is not only impressive in the depth of capabilities it covers, it also breaks new ground in linking business process management with performance management - effectively closing the loop between key business metrics and the business processes that drive them."

"We've listened to customers and they're tired of the way software is licensed and sold", says Richard Daley, Pentaho's CEO. "Open Source provides freedom for developers, ISVs and end-user organizations to put software to work for them without having to design systems based on cost constraints. We've answered customer concerns about Open Source by producing top quality BI products under a Professional Open Source model. As a result, we're able to provide a compelling alternative to traditional vendors, who have had it their way for far too long."

An initial set of software components from The Pentaho BI Project will be available for download as an Alpha release within 60 days with General availability (GA) later this year.